The information that 228,523 ETH had been stolen from the FTX exchange broke as the controversial exchange declared bankruptcy. The individual in possession of the tokens has risen to the top 10 ETH holders in the world, with the assets valued at more than $260 million at the time of the theft. Chainalysis also clarified … Read more
However, experts are worried about the possibility of fraud and the absence of effective security for the biometric data that has been gathered. Decentralized credit scores: In the decentralized web, figuring out a user’s credit score isn’t always simple. That’s because a fundamental premise of the cryptocurrency sector is anonymity. In order to determine creditworthiness, … Read more
Following the collapse of FTX, the CEO of Binance, Changpeng Zhao, and the co-founder of Ethereum, Vitalik Buterin, may be developing a proof of reserve algorithm for centralized cryptocurrency exchanges (CEX). The WuBlockchain team reported the development and referenced a previous AMA session as their source. After the FTX Collapse, users seek proof of reserves … Read more
Exchanging cryptocurrencies In late October, 320,000 ETH were unintentionally transmitted by Crypto.com to a wallet address connected to Gate.io. Although the company has now recovered the funds, Changpeng Zhao, the CEO of Binance, recommended customers to stay away from it. Many in the cryptocurrency industry have expressed concern about the dependability of centralized players in … Read more
Bitcoin and ether prices are expected to experience more volatility over the next nine months as the industry picks up the pieces after the shocking failure of FTX. As of 9 am ET, bitcoin and ether were each trading at $16,800 and $1,260, respectively, down approximately 20% over the previous week and 65% year to … Read more
Following Chair Powell’s speech and the Federal Reserve’s announcement of interest rates, the cryptocurrency market took a minor swing. Top tokens like Bitcoin and Ethereum experienced losses that reached 1% on a daily basis and hadn’t fully recovered. However, the story was quite different with MATIC, a native token of Polygon. The 11th-ranked cryptocurrency was … Read more
Several cryptocurrencies, notably Ethereum and Solana, have had significant rises in the last week after experiencing a market-wide drop. Ethereum rose to a 24-hour high of $1,652 earlier today before tumbling to $1,583 as of the time of publication. The day’s top for the Ethereum killer Solana was $33.74. It has since dropped to $32.24 … Read more
The Ethereum network had its most significant one-day surge in 2022, with the total number of wallet addresses on the network reaching a new all-time high over the weekend. The increase suggests that the network’s real-world usefulness is increasing. According to statistics from the crypto analytics firm Santiment, there was a rise in new addresses … Read more
The Securities and Exchange Commission (SEC) has accused American celebrity Kim Kardashian with social media advertising of EthereumMax’s cryptocurrency (EMAX). In a statement issued on October 3, the SEC stated that Kardashian failed to disclose the cash she got for promoting EMAX, a controversial cryptocurrency. Both parties, however, have agreed to resolve the matter, with … Read more
On Thursday (September 29), Deutsche Telecom, the largest telecommunications operator in Europe by revenue and based in Bonn, stated that it “supports Ethereum with infrastructure.” In a press release issued on September 29, Deutsche Telecom (DT), which operates several subsidiaries worldwide (including T-Mobile), stated that it is “expanding its activities in the field of blockchain … Read more